The first thing that leaps to mind when we hear the phrase “startup” is anything digital, especially a mobile app. But what are the first thoughts that come to mind when you hear the term “law”? Usually, it isn’t anything unusual.
Nonetheless, digital transformation has had an impact on the legal business as well as other disciplines, and the number of legal tech startups is fast increasing. The majority of them seek to make legal services more accessible, economical, transparent, and efficient. Looking for a great startup idea? Continue reading for startup ideas that can help you launch and grow in 2022.
Types Of Legal Tech Startups
The legal landscape varies so greatly across jurisdictions and operational areas, there is plenty of room for any legal app idea.
In general, there is a fragmentation of legal applications:
- Practice Area
When deciding on a niche for a startup business, the first thing to consider is the country-based jurisdiction and practice area.
The sort of engagement with the end-user is the second factor to consider. Hence, the legal tech solutions from a custom app development company can be divided into:
- Lawyer to lawyer (L2L)
- Lawyer-to-Business (L2B)
- Lawyer-to-Consumer (L2C)
Legal Tech Classification
You must pick the solution category that you will implement. In general, legal applications are classified as follows:
- Mobile Apps that help with the support process and improve case management.
- Applications that use technology to enable the digitization of legal data.
- Apps that help or completely replace attorneys in the practice of law. For example, ordinary legal duties such as transactions and lawsuit proceedings.
On the other hand, legal startups can be categorized based on the services they offer.
Examples Of L2C Legal Applications
Because the legal tech industry is so fragmented, the options for building “law” software are nearly unlimited. We opted to give just a few startup ideas in order to lead you on the correct path with your ideas.
Online Smart Contracts
Smart contracts are being produced for both companies and individuals as online legal document services become more widespread. Contract completion is now possible via online web or mobile applications. These apps are frequently based on safe and transparent technology like blockchain.
Online Legal Consultations
Going online is convenient for both clients and attorneys. These online lawyer assistant software programs provide legal advisers with access to a new customer base as well as the ability to arrange consultations and collect payments online. Customers, for their part, benefit from a broader selection of specialists from which to pick based on pricing and services.
Examples Of L2B And L2L Legal Applications
Legal Research Databases
These databases provide professionals with access to the following documents:
- Legal Texts
- Case Law
- Legal Handbooks
- Legal Literature
When it comes to monetization strategies for this type of legal software, subscription appears to be the most practical option for both customers and providers.
As not all businesses can afford to engage a professional lawyer but still need to write several legal papers on a weekly basis, reviewing tools may be the ideal solution. These technologies, powered by machine learning, make it easier to double-check each legal item generated by a non-lawyer and speed up the reviewing process of large legal documents.
Automated Document Generation
An online consulting service integrated legal document automation. This functionality will allow customers to obtain a higher-quality legal document with the modifications they require based on their inquiry.
Although digitization is affecting practically every part of our lives, the legal sector is not immune. Furthermore, it is past time to simplify the complex legal processes and make them cheap for every individual and corporate organization. Every successful startup idea starts with a unique concept, a determined entrepreneur, and an open market. If a business idea fits your passions, level of skill, and beginning capital, it is most likely a good match for you. Furthermore, your location and the accessible market will play a crucial part in determining whether your startup idea is worth pursuing.
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